Tanjong Pagar MRT area will get crowded!

From URA website:

15 November 2010

URA launches tender for hotel site at Gopeng Street / Peck Seah Street

The Urban Redevelopment Authority (URA) launched the hotel site at Gopeng Street / Peck Seah Street for sale via public tender today.

The land parcel was made available for sale through the Reserve List system on 21 February 2008. On 1 November 2010, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than S$94,045,276 for the land parcel in the public tender.

Land Parcel at Gopeng Street / Peck Seah Street

The site is located within the Tanjong Pagar area, which is a prominent gateway leading directly into the main financial and business areas of Shenton Way, Raffles Place and Marina Bay. It is also home to several hotels which have been established to serve the business community and tourist visitors. These include business hotels like the Amara and M Hotel, as well as award winning hotels like Berjaya Hotel and The Scarlet.

The successful sale and on-going development of several new office, high-rise residential and hotel sites in the area will further enhance the vibrancy and activities of the Tanjong Pagar commercial district.

With a land area of about 0.23 ha, the hotel site can generate a maximum permissible gross floor area of 19,416 sqm.

Tender for the site will close at 12 noon on 11 January 2011.

Other Details

Details of the land parcel and location plan are given in Annex 1 (http://www.ura.gov.sg/pr/graphics/2010/pr10-133a1.pdf) and Annex 2 (http://www.ura.gov.sg/pr/graphics/2010/pr10-133a2.pdf).
More details of the land parcel are available on the URA website:
http://www.ura.gov.sg/sales/GopengSt/Launch/Gpeng-intro(L).html

Developer’s packets containing details of this site and conditions of tender are available at $105 each (inclusive of GST). These can be purchased from the Customer Service Counter on the 1st storey of The URA Centre, 45 Maxwell Road, Singapore 069118. The developer’s packets can

Tanjong Pagar hotel site up for sale by tender
ChannelNewsAsia.com | 15 November 2010

A hotel site in Tanjong Pagar was released for sale on Monday via a public tender.

The Urban Redevelopment Authority (URA) said the Gopeng Street/Peck Seah Street site was made available for sale through the so-called Reserve List system in February 2008.

The sale process was triggered earlier this month when URA received an application from a developer to put up the land parcel for tender.

The unnamed developer has committed to bid at a price of not less than S$94.05 million.

URA said the 99-year leasehold site is situated at a prominent gateway leading directly into the main financial and business areas of Shenton Way, Raffles Place and Marina Bay.

It is also home to several hotels, such as the Amara and M Hotel, serving the business community and tourists.

With a land area of about 0.23 hectares, the site can generate a maximum permissible gross floor area of over 19,000 square metres. It also has a maximum building height of 30 storeys.

The tender for the site will close at noon on January 11 next year.

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1095498/1/.html

More commercial land sites released
Posted: 25 November 2010 1404 hrs

SINGAPORE: The government is releasing more commercial land on the Confirmed List to meet demand for office space.

One of the commercial sites is at Robinson Road, which would cater to demand in the CBD.

The other site is at Paya Lebar Road, which the government hopes will facilitate the early development of Paya Lebar Central into an attractive commercial hub to complement the CBD.

In addition, a commercial site at Sims Avenue and Tanjong Katong Road will be added to the Reserve List to provide for growth of Paya Lebar Central into a sizeable and sustainable commercial node.

Two new hotel sites will also be added to the Reserve List.

The first is at Race Course Road, near Little India, a popular destination for tourists.

The second hotel site is at Kallang Riverside, in an area that has been identified as a new waterfront lifestyle precinct, near the upcoming Sports Hub, which is scheduled to be completed in 2014.

-CNA/wk

so many great commercial sites :)

in addition to that, from URA website today: http://www.ura.gov.sg/pr/text/2010/pr10-137.html

Development Phasing Plan for Marina Bay

In addition to the supply of office space from the commercial sale sites in the 1H2011 GLS Programme, more supply of commercial space is also expected from the development of the 6 plots of land at Marina Bay and Ophir Road / Rochor Road to be jointly developed by M+S Pte Ltd, under the recently concluded agreement with Malaysia. These land parcels can potentially yield a combined GFA of about 500,000 sqm, part of which will be for office use.

The Government will also continue to release land parcels in Marina Bay area at a steady pace in future GLS Programmes to allow the seamless expansion of the CBD and to ensure that there is adequate supply of office space to meet the growing needs of financial and business institutions.

The release of land will be planned in tandem with the on-going infrastructure works in the Marina Bay area, including the construction of the Downtown Line, the extension of the North-South RTS Lines, Marina Coastal Expressway and the Common Services Tunnels. These works will be completed in phases in the next few years.

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1095760/1/.html

Paramount Hotel & Shopping Centre sold to Orchard Mall
By Travis Teo | Posted: 26 November 2010 2103 hrs

SINGAPORE : Paramount Hotel & Shopping Centre has been sold to Orchard Mall for S$214 million.

This is the biggest collective sale in the commercial property market this year.

The site comes up to nearly 102,000 square feet and has a gross plot ratio of up to 3.0 Jones Lang LaSalle, manager of the sale, said the freehold site has a potential gross floor area of up around 308,000 square feet.

This works out to approximately S$1,178 per square foot, per plot ratio. While the site was zoned for use as a hotel under a previous Master plan, Jones Lang LaSalle said that it has varied redevelopment options such as hotel, commercial, residential, or a combination of the three, subject to planning approval from the authorities.

The site currently holds a 229-room hotel and shopping complex comprising a four-storey podium and an eight-storey tower block.

Quek Soh Hoon, national director and head of commercial at Jones Lang LaSalle, said that the bids signalled a strong interest for this rare, prime, freehold redevelopment site.

She added that Jones Lang LaSalle is confident of the potential that the site could offer due to the accessible location and the nearby amenities.

- CNA/ms

Source:http://www.businesstimes.com.sg/sub/news/story/0,4574,415712,00.html?

Published December 2, 2010
Lion City Hotel, Hollywood Theatre sites up for sale

By EMILYN YAP

(SINGAPORE) Lion City Hotel, a 42-year- old landmark in Tanjong Katong, could be making way for new developments. The hotel and the former Hollywood Theatre next to it have been put up for sale by the family of the late property magnate Wee Thiam Siew.

Landmark Property Advisers and Knight Frank are marketing the freehold sites and expect them to fetch more than $300 million.

Lion City Hotel was built in 1968 and the Wee family has been operating it. The 166-room building is a few minutes' walk from Paya Lebar MRT station.

Crowds flocked to the vicinity in the early 1970s as it was home to one of Singapore's earliest department stores run by Emporium. The hotel remained standing even as the area lost some of its lustre over the years.

Next to the hotel is the former Hollywood Theatre, which has its own colourful past. Movie stars such as Fung Bo Bo and Siao Fong Fong had made appearances there decades ago.

The theatre stopped screening films in the 1990s and was at one point home to City Harvest Church. Today, a food centre and a Sheng Siong supermarket occupy the space.

The authorities have indicated that the Lion City Hotel and Hollywood Theatre sites can be redeveloped into residential and commercial developments.

The two plots, together with a substation site nearby owned by SP Powerassets, yield a gross floor area (GFA) of 507,924 sq ft. Some 243,805 sq ft can be put to residential use and 264,119 sq ft to commercial use.

The marketing agents estimate that the sites can accommodate a shopping centre similar to Katong Mall, as well as some 240 apartments with an average size of 1,000 sq ft.

They are expecting the sites to fetch more than $300 million in a tender, and the winning bidder will have to pay a development charge of around $77.8 million.

According to the agents, the land price would come up to around $753 per sq ft per plot ratio (psf ppr). If there is an extra 10 per cent of residential GFA for balcony space, the price would be around $736 psf ppr.

There is likely to be 'keen interest' in the sites as they would benefit from the upcoming commercial centre at Paya Lebar Central, the agents said.

SLP International Property Consultants' research executive director Nicholas Mak believes that the expectations are bullish. The breakeven price for the residential units could exceed $1,100 psf, he said. The tender for the sites will close on Jan 6.

Source:http://www.businesstimes.com.sg/sub/news/story/0,4574,418886,00.html?

Robertson Quay hotel site up for tender

Industry watchers expect to see keen demand for the land parcel

By EMILYN YAP

THE Urban Redevelopment Authority (URA) will be putting a hotel site at Robertson Quay up for tender, after a developer committed to pay at least $51.5 million or $378 per square foot per plot ratio (psf ppr) for it.

Industry watchers expect to see keen demand for the site, even as several other hotel plots enter the market.

Interest in hotel development has grown this year along with swelling tourism numbers and a smooth economic recovery.

The 99-year leasehold land parcel at Robertson Quay is 0.45 hectare big and has a maximum gross floor area of 136,174 sq ft. URA estimates that it can yield 350 hotel rooms.

The site is near the Singapore River and is located within a hotel cluster which includes developments such as Gallery Hotel and Studio M Hotel. It is also next to residential projects such as Rivergate and Robertson 100.

In addition, food and beverage and entertainment outlets at Robertson Quay and Clarke Quay are within walking distance.

URA will launch the tender for the hotel plot in two weeks' time. Cushman & Wakefield Singapore vice- chairman Donald Han believes there will be a 'healthy dose of demand' for the site, with bids going up to $750-$800 psf ppr.

That estimate comes close to the price fetched by a hotel site nearby at the junction of Clemenceau Avenue and Havelock Road in August. The top bidder had paid $101.1 million or $813 psf ppr.

The Robertson Quay plot does not enjoy the same road frontage as the one at Clemenceau Avenue/ Havelock Road, but that may make the former suitable for building some residential units, and the residential play could enhance the value of the site, Mr Han said.

Under zoning guidelines, developers can use up to 40 per cent of a hotel site's total floor area for commercial or residential use, subject to official consideration.

Although developers have triggered the sale of a number of hotel sites this year, demand should stay strong if the economy does well and visitors keep coming, Mr Han said. He added that several hotel operators are still trying to gain a foothold in Singapore.

CBRE Hotels Asia-Pacific executive director Robert McIntosh believes that the site will fetch a 'good price' and attract some five to 10 bidders.

Hotel room rates and occupancies in Singapore have been rising this year and the outlook remains 'pretty positive' even with more supply coming on stream, he said.

According to a CBRE Hotels report, revenue per available room gained 24 per cent to about $181 in the first nine months of this year, and room rates rose 11 per cent to around $211.

With sentiments improving, developers have gotten hungrier for hotel sites this year. Two other hotel sites are still up for tender - one at Gopeng Street/Peck Seah Street and another at Ogilvy Centre.

Sites with a mandatory hotel component have also been sold this year, such as that at Peck Seah Street/ Choon Guan Street and another at Stamford Road/ North Bridge Road.

So many hotel sites since the IRs opened

^^I guess this is to be expected. The IRs did bring quite a number of tourists here but due to the lack of hotel rooms, they decide to stay in JB. So, the govt responds by giving out more land for hotels.:)

I think what we need more is mid-range / budget hotels.

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1103028/1/.html

URA launches tender for Roberston Quay hotel site
By Jonathan Peeris | Posted: 06 January 2011 1128 hrs

SINGAPORE: The Urban Redevelopment Authority (URA) said it has launched the tender for a hotel site at Robertson Quay on Thursday.

The land parcel was available for sale through the Reserve List system since April last year.

The tender was triggered because URA has received an application from a developer for the site.

The developer has committed to bid at a price of not less than S$51.5 million for the land parcel on a 99-year lease.

The 0.45 hectare site can generate a maximum permissible gross floor area of over 12 thousand square metres.

The hotel site is located within Robertson Quay, along the historic Singapore River, amidst a well-established hotel cluster comprising developments such as Studio M Hotel, Park Hotel Clarke Quay and The Gallery Hotel.

It also has direct access to the Singapore River promenade, with many popular entertainment, food & beverage and lifestyle outlets along Robertson Quay, Clarke Quay, Boat Quay and Mohamed Sultan Road just round the corner.

The tender for the site will close at 12 noon on March 8.

Hope it will have a more unique design like Gallery Evason and Robertson Blue

Hope it will have a more unique design like Gallery Evason and Robertson Blue

I think that what the area needs more unique and trendy designs.

Source:http://www.businesstimes.com.sg/sub/news/story/0,4574,420490,00.html?

Ogilvy site draws $86m top bid

Royal Group leads with offer of $1,072 psf ppr, with plans for 200-room hotel

By EMILYN YAP

OGILVY Centre, the landmark conservation building at the junction of Robinson Road and Boon Tat Street, is set to get a makeover. Built to the neoclassical style, the property will soon have at least 200 hotel rooms, as well as upmarket restaurants and retailers on the ground floor.

Royal Group Holdings - linked to Asok Kumar Hiranandani of Royal Brothers - has big plans for the site opposite Lau Pa Sat, after putting in the top bid of $86 million or $1,072 per square foot per plot ratio (psf ppr) in a state tender.

This is one of the highest bids seen for hotel plots recently, and markedly exceeded expectations.

Seven other property players were in the fray when the tender closed yesterday. Oxley Holdings submitted the second highest bid of $72 million or $898 psf ppr, which is 16 per cent less than the top bid.

RB Capital - led by Mr Hiranandani's nephew Kishin - was the third highest bidder with an offer of $71.1 million or $887 psf ppr.

The other bidders were Fragrance Group, Sin Heng Chan, a unit of Far East Organization, and a unit of Overseas Union Enterprise.

All the tender participants chose to bid for the site on a 60-year lease term even though the 30-year option was available.

Royal Group has plans for a five-star hotel with at least 200 rooms. Daily room rates could be at least $280-300, while rents for retail space could range from $20-30 psf.

The location of the plot and the scarcity of conservation sites for hotel use justified the aggressiveness of the bid, Mr Hiranandani told BT. 'The only competition I have for this product is going to be Fullerton Hotel and Fullerton Bay Hotel,' he said.

Mr Hiranandani's son Bobby will be overseeing the project, and the hotel could be ready in two years' time.

The site has a maximum permissable gross floor area of 80,191 sq ft. The developer will have to retain the existing four-storey conservation building, but the rear part of the building may be demolished, redeveloped, and integrated as a new five-storey extension.

When an unnamed developer first triggered the site for sale in October last year, the market had expected the top bid to perhaps cross $50 million. Yesterday's results far exceeded the estimates - five of the eight bids exceeded that figure.

The historical value of the site could have led to the high bids, said Knight Frank head of consultancy and research Png Poh Soon. In addition, with visitor numbers growing, 'people are more willing to go ahead with such tender prices.'

Competition for hospitality assets seems to be heating up, he added. In August last year, the top bid for a hotel site at Clemenceau Avenue was $101.1 million or $813 psf ppr, far surpassing analysts' projections.

Noooooooooooooooooooooooooooooooooo not Fragrance Hotel

Noooooooooooooooooooooooooooooooooo not Fragrance Hotel

Haha!!!!:lol: I noticed that too. Imagine if they got the tender.......................

Source:http://www.businesstimes.com.sg/sub/news/story/0,4574,420490,00.html?

This is going to be one hell of a site! Exactly like the Fullerton Bay hotel.

This is going to be one hell of a site! Exactly like the Fullerton Bay hotel.

Yup. Fullerton Bay Hotel is really nice happy to see another one of the same class coming up.

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1103952/1/.html

URA awards Robinson Road hotel site to Royal Group
Posted: 11 January 2011 1423 hrs

SINGAPORE : The Urban Redevelopment Authority (URA) has awarded the tender for a hotel site at Robinson Road/Boon Tat Street to Royal Group Holdings.

The company submitted the highest bid of S$86 million for the land parcel, which translates to about S$11,544 per square metre of gross floor area.

Tender for the site was launched on November 2 last year and closed on January 5.

The land parcel has a site area of about 1,860 square metres and a maximum permissible gross floor area of 7,450 square metres.

The 60-year leasehold site had received a total of 8 bids, ranging from a low of S$34 million to a high of S$86 million.

The second highest bid of S$72 million was submitted by Oxley Vibes.

Royal Group Holdings is expected to develop the property into a five-star hotel with 200 rooms, up-market restaurants and high-end retail outlets.

- CNA/al/wk

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1103952/1/.html

I know, I got first hand info before all this

-deleted-

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1105507/1/.html

UOL Group acquires Lion City Hotel
By Chris Howells | Posted: 18 January 2011 2357 hr

SINGAPORE: UOL Group has acquired Lion City Hotel, a freehold property at the junction of Tanjong Katong Road and Geylang Road, for S$313 million.

The property, which has a site area of 147,910 square feet, is also near the existing Paya Lebar MRT interchange.

UOL says that its wholly-owned subsidiaries UOL Residential Development and UOL Property Investments have successfully tendered for the site.

The company says the site may be redeveloped as a commercial-cum-residential development.

But UOL adds that it would assess the current allowable development options before determining the final development scheme for the property.

Lion City Hotel, a 42-year-old landmark, was put up for sale by the family of property magnate Wee Thiam Siew in December last year.

The site includes the former Hollywood Theatre which is located next to the hotel.

The theatre had stopped screening films in the 1990s and at one point it was home to City Harvest Church.

Currently, the building is occupied by Sheng Siong supermarket and it has a food centre as well.

In a statement, UOL says the future redevelopment of the property is expected to benefit from the nearby Paya Lebar Central commercial hub planned by the URA.

It also says the acquisition and redevelopment of the property would enable the group to replenish its land bank.

- CNA/ir

Such a good site, lousy design

Jan 27, 2011 | StraitsTimes.com
URA to sell 1st land parcel in Paya Lebar Central
Located at the fringe of the city centre, Paya Lebar Central is envisaged to be a bustling commercial centre, with a mix of office, retail, hotel and attractive public spaces. --

The Urban Redevelopment Authority (URA) launched the first land parcel in Paya Lebar Central for sale by public tender on Thursday.

Located at the fringe of the city centre, Paya Lebar Central is envisaged to be a bustling commercial centre, with a mix of office, retail, hotel and attractive public spaces. Totalling about 12 hectares, it has the potential to be a sizable fringe commercial centre, catering to businesses that do not need to be located within the CBD.

The land parcel at Paya Lebar Road / Eunos Road 8 is the first site offered for sale in Paya Lebar Central. It is located next to the Paya Lebar Interchange Station serving the Circle and East-West MRT Lines. In line with the plan for Paya Lebar Central to be a major commercial centre, 80 per cent of the proposed development on the land parcel will be for office use. The remaining 20 per cent can be for additional office use or other uses permitted under the Commercial zoning.

The tender will close at 12 noon on April 21. Selection of the successful tenderer will be based on the tendered land price only.


--------------------------

Detailed information and artist renders on the URA brochure (http://www.ura.gov.sg/sales/PayaLebarEunos8/CL/salebrochure.pdf).

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1115156/1/.html
Hotel site at Robertson Quay attracts 9 bids
By Millet Enriquez | Posted: 08 March 2011 2213 hrs

SINGAPORE : A hotel site at Robertson Quay has attracted a total of nine bids from developers at the close of its tender by the Urban Redevelopment Authority (URA).

The highest bid of S$127.8 million was jointly handed in by Novel Developments and New Vista Realty.

That translates to S$10,098 per square metre.

The second highest bid of S$127.1 million came from RB Capital Robertson City, while the third highest bid was S$103.3 million from Golden Development Private Limited.

The lowest bid of S$65 million was by Grand Plaza Park Hotel.

"The increasing number of tourists in Singapore has pushed up the demand for accommodation and thus for land for hotels," said Li Hiaw Ho, executive director of CBRE Research.

Mr Li also pointed out that the highest bid was more than twice the trigger price of S$51.50 million.

He added that the hotel site has a maximum gross floor area of 12,651 square metres and an estimated 350 rooms can be developed there.

The 4,500 square metre site with a 99-year lease was launched for public tender in January.

It was originally on the Reserve List of the Government Land Sales Programme.

URA said it will announce the winning bidder at a later date.

- CNA/ms

^^

This one:

http://www.ura.gov.sg/sales/NewMarketRd_MerchantRd/images/ClarkeQuay(W500).gif

Park Regis Singapore

Park Regis Singapore
http://www.onlineusanews.com/wp-content/uploads/2010/11/Park-Regis-Singapore-250x178.jpg

Australian based StayWell Hospitality Group (SWHG), one of Asia Pacific’s largest independently owned hotel management companies, has marked its entry into Southeast Asia with the launch of its flagship upscale Park Regis property in Singapore.

Set to officially open its doors to the public on 16 November 2010, the 203-room Park Regis Singapore marks a significant milestone in SWHG’s strategy to expand the brand in key destinations across the region. The group currently manages more than 10 Park Regis hotels primarily in Australia and has new properties under development in Dubai and Kuala Lumpur, Malaysia, scheduled to open early next year.

“Park Regis hotels deliver a distinctive blend of old world English charm combined with modern Australian hospitality. We see enormous growth potential for this brand in Southeast Asia and are confident that the debut of our new hotel in Singapore will help pave the way for more properties to come in future,” said Simon Wan, CEO, SWHG.

Park Regis Singapore is located in the main banking and corporate district of Raffles Place, alongside the Singapore River with spectacular views of the bustling nightlife of Clarke Quay. The hotel has a range of features including a stunning 25 metre outdoor lap pool, a spacious gymnasium as well as two meeting and conference rooms. The hotel also offers several distinctive dining options, including Suite 23, an all-day dining restaurant serving global cuisine in a contemporary setting; ‘Scape Lounge, a chic setting perfect for pre-dinner drinks, SiLuEt, an al fresco rooftop bar for chilling out in the evening and Splash! Pool Side Café, an ideal venue to unwind and relax by the pool.

Business travellers can enjoy a full suite of secretarial services at the hotel’s business centre. In addition, all rooms include Interactive TV (IPTV), Interactive Phone (IP) and Wi-fi broadband internet access.

“Our focus at Park Regis Singapore is to enhance guest experiences so the hotel is positioned to deliver some of the highest levels of comfort and quality. Situated within walking distance from the business and entertainment districts, the hotel is the ideal location for corporate and leisure travellers coming to Singapore”, said Jason Dowd, General Manager, Park Regis Singapore.

The interior of Park Regis Singapore is designed by Australian firm Woodhead, which is behind some of the country’s key developments. These include the interior design of Changi International Airport terminals 1 and 3 as well as the Singapore National Library. Designed as a city resort, the hotel features tropical trees overhanging the pool deck which overlooks Clarke Quay giving guests the experience of staying in a friendly intimate resort located in the heart of the city.
http://www.staywellgroup.com/uploads/images/hotel_content/Facade%20-%20copy.jpg
Park Regis Singapore Counting Down to Earth Hour
Park Regis Singapore supports Earth Hour by switching and dimming the hotel's lights for 1 full hour for good cause.


Park Regis Singapore

FOR IMMEDIATE RELEASE
PRLog (Press Release) – Mar 22, 2011 – Singapore - Newly opened Park Regis Singapore, a swanky 4-star business hotel (a brand of Staywell Hospitality Group) will be participating in this coming Earth Hour 26 March 2011, joining the worldwide movement to turn off the lights for 1 full hour from 8.30pm to 9.30pm for a good cause.

Park Regis Singapore will be turning off its lights and take other energy-saving measures such as turning off exterior signage lighting, dimming or turning off non-essential interior lighting, using candle-lights in appropriate public areas such as restaurants and bar, and using main lobby digital signage to play DVD for Earth Hour to inform all guests about Earth Hour observances.

Areas where lights will be switched off include:
- Switching off the hotel façade decorative (running) lights
- Switching off the driveway light
- Switching off the Hotel Façade Logo lighting
- Dimmed Hotel interior lighting mood
- Switching off Lights at Gym, Business Center and Function Rooms
- Dimmed Lights at Pool Bar and Roof Bar with lighted candles experience
- Dimmed Lights at Lobby Bar, Alfresco Dinning and All Day Dinning with lighted candles experience

Park Regis Singapore is also inviting all its guests to support this global environmental awareness event created by the World Wildlife Fund (WWF) to send a powerful global message about the importance of environmental sustainability and caring for the planet.

There will also be a poster where all guests will be showing their support to the event by signing on the poster on top of turning off their lights in the rooms.

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1115156/1/.html

Is this viable or is the top bidder a collaboration with CDL???

CDL emerges top bidder for Robertson Quay hotel site

Posted By Property Launch Team On March 9, 2011 @ 7:43 pm In Company News,Land & En-bloc Sales,Property News | No Comments

One of nine participants in the tender, it puts in a bid of $938 psf ppr
CITY Developments Ltd (CDL) yesterday emerged as the top contender for a 99-year-leasehold hotel site at Robertson Quay, putting in a bid of $127.8 million or $938 per square foot per plot ratio (psf ppr).

The group has on the drawing board plans for a mixed development, with hotel rooms and a commercial or residential component.

CDL was one of nine participants in the tender for the site. Its bid was just 0.5 per cent higher than RB Capital's $127.1 million or $933 psf ppr.

RB Capital – controlled by Kishin Hiranandani, son of Royal Brothers's Raj Kumar Hiranandani – had won the tender for a hotel site at Clemenceau Avenue/ Havelock Road in September last year.

Far East Organization was in third place with a bid of $103.3 million or $759 psf ppr. Other parties in the race included Keck Seng International, Royal Group Holdings and Grand Plaza Park Hotel.

The Robertson Quay site has a maximum gross floor area of 136,174 sq ft and is near the Singapore River, next to residential projects such as Rivergate and Robertson 100.

It is also located within a hotel cluster. A number of hotels owned by CDL Hospitality Trusts such as Studio M Hotel and Grand Copthorne Waterfront Hotel are in the area.

A CDL spokesman said: 'The company is exploring in detail a proposed design of a mixed hotel and commercial/residential development. The design will take into account synergies amongst our current developments in the area.'

Under zoning guidelines, developers can use up to 40 per cent of a hotel site's total floor area for commercial or residential purposes, subject to official consideration.

Cushman & Wakefield Singapore vice-chairman Donald Han said that CDL would have a good grasp of the area given the success of its earlier developments. For instance, Studio M Hotel – originally owned by CDL unit Millennium & Copthorne Hotels – took less than a year to attain stabilised earnings. The usual gestation period lasts two to three years.

Robertson Quay is also an accepted residential area, Mr Han said. If the project comes with a residential element, unit sales would help to finance construction, he pointed out.

CBRE Research executive director Li Hiaw Ho noted that the increasing number of tourists in Singapore has pushed up demand for rooms and hotel sites.

He gave some numbers to illustrate the sector's vigour. In January, the average occupancy rate was 82 per cent, up 1.2 percentage points year on year. The average room rate was $224 – 18.5 per cent more.

CDL is optimistic about Singapore's hotel industry.

Strong demand for accommodation is expected to continue with the opening of more attractions at the integrated resorts and new ones such as Gardens by the Bay, its spokesman said.

Source: Business Times News by By EMILYN YAP

The Wellington building behind Park Royal is being demolished to make way for a hotel.

https://lh4.googleusercontent.com/_1IkMQf4n9z8/Tb3vvw_nsKI/AAAAAAAADEU/d4L41JVKLEI/s640/DSC02600.JPG
https://lh4.googleusercontent.com/_1IkMQf4n9z8/Tb3vvw_nsKI/AAAAAAAADEU/d4L41JVKLEI/s640/DSC02600.JPG
https://lh6.googleusercontent.com/_1IkMQf4n9z8/Tb3v1XRDQ5I/AAAAAAAADEg/939XtToqONE/s640/DSC02607.JPG
https://lh6.googleusercontent.com/_1IkMQf4n9z8/Tb3v1XRDQ5I/AAAAAAAADEg/939XtToqONE/s640/DSC02607.JPG
https://lh6.googleusercontent.com/_1IkMQf4n9z8/Tb3vy8B5s5I/AAAAAAAADEc/D0q4JObTKqM/s640/DSC02604.JPG
https://lh6.googleusercontent.com/_1IkMQf4n9z8/Tb3vy8B5s5I/AAAAAAAADEc/D0q4JObTKqM/s640/DSC02604.JPG

^^I wonder if the plot will be combined with the 268 Orchard Road development?

^^ Nah I doubt it. One is a hotel while the other is a office building.

^^I wonder if the plot will be combined with the 268 Orchard Road development?

Nope not at all.

The hotel will be the Holiday Inn Express Singapore Orchard Road.

^^ Thanks for the info. :)

Nope not at all.

The hotel will be the Holiday Inn Express Singapore Orchard Road.

Wow! So we will have two Holiday Inn Express in SG?

Nope not at all.

The hotel will be the Holiday Inn Express Singapore Orchard Road.

Thanks for the info. I think this would be a great addition to Orchard, filling the middle-range hotel vacuum in Orchard. We can't have a street full of high end hotels. Not very realistic as only rich tourists could stay. Maybe its time for a budget hotel within the immediate Orchard area?

We need more tall boutique hotels in the the mid range tiers such as Dream Hotel, Morgans Group, Kerrys etc etc.. maybe those in the Bencoolen Street area should revamp up their rooms and establishments..

We need more tall boutique hotels in the the mid range tiers such as Dream Hotel, Morgans Group, Kerrys etc etc.. maybe those in the Bencoolen Street area should revamp up their rooms and establishments..

Tune hotel is classy and cheap(er).

Oh I forgot Orchard DOES have budget hotels, all hidden behind the ex-LeMeridien Hotel. Hotel Supreme, Hotel Grand Central, etc

Wow! So we will have two Holiday Inn Express in SG?

officially 2 at the moment :)

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1129673/1/.html
Development site at 70 Shenton Way up for sale by tender
By Jo-ann Huang | Posted: 18 May 2011 2115 hrs

SINGAPORE: A rare development site at 70 Shenton Way has been put up for sale by tender.

The commercial property, which belongs to Roxy-Pacific Holdings, is located in the Central Business District and is about three minutes' walk from Tanjong Pagar MRT Station.

The property comprises a four-storey podium and a 17-storey office tower with an existing gross floor area of 19,557 square metres or 210,729 square feet.

It sits on a land area of 1,833.5 square metres or 19,737 square feet.

According to the Master Plan 2008, the site is zoned for commercial use with a plot ratio of more than 8.4 and a building height of up to 35 storeys.

Its sole marketing agent DTZ said provisional permission has been attained from the Urban Redevelopment Authority for the building of a 32-storey "commercial and residential" development at a plot ratio of 10.677.

It has also been granted an in-principle approval by the Singapore Land Authority for a lease top-up to 99 years.

DTZ added that amenities like banks and food & beverage outlets are readily available in the area.

Other significant properties in the area include commercial projects Twenty Anson, Mapletree Anson and Springleaf Tower, as well as new residential towers Lumiere and the upcoming 76 Shenton.

Shaun Poh, DTZ's senior director for investment advisory services and auction said "the subject site is a rare 'island' plot along Shenton Way. At its strategic location, it enjoys sweeping sea views from the East Coast shoreline across to Sentosa."

"The property should appeal to developers who are seeking good quality development sites in sought-after locations, and end users or investors looking for stand-alone commercial building with naming rights options as their corporate headquarters or a good asset with enhancement potential," he added.

The tender for the property closes on June 23 at 3pm.

-CNA/ac

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1132367/1/.html
URA releases details of Race Course Road hotel site
Posted: 31 May 2011 2128 hrs

SINGAPORE : The Urban Redevelopment Authority (URA) has released the detailed sales conditions for a hotel site located at Race Course Road and Perumal Road on Tuesday.

With a land area of 0.38 hectare, the hotel site can generate a maximum permissible gross floor area of about 13,500 square metres with a lease period of 99 years.

The hotel site is next to Sri Srinivasa Perumal Temple and is located near the historic district of Little India.

Located within walking distance to Farrer Park MRT station, the future hotel development will also enjoy easy access to the Central Business District (CBD) at Raffles Place and Marina Bay.

Under the Reserve List system, a site would be released for sale only if a bid with an acceptable minimum price is received.

When the site is put up for tender, a tender period of about 4 weeks will be allowed before tender closes.

- CNA /ls

Source:http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1137463/1/.html
URA releases sales conditions for Kallang hotel site
By Julie Quek | Posted: 27 June 2011 1926 hrs

SINGAPORE : The Urban Redevelopment Authority (URA) has released the detailed sales conditions for a hotel site (Land Parcel B) located at Kallang Riverside.

The land parcel, which can potentially yield about 490 hotel rooms, has an area of about 0.82 hectares with a lease period of 99 years.

The site has a maximum permissible gross floor area of about 22,900 square metres and a maximum allowable building height of 16 storeys.

The land parcel, located along Kallang River, is made available for sale under the Reserve List of the Government Land Sales Programme for the first half of 2011.

Under the Reserve List system, a site is released for sale only if a bid with an acceptable minimum price is received.

The tender period is about four weeks before it closes.

The first hotel site (Land Parcel A) at Kallang Riverside was made available for sale on the Reserve List in 2009.

- CNA/al

I used to walk past this little park every day. It is a great area for office workers to chill and relax, to have a little greenery in the dense and busy CBD, but it will soon be gone. I have a feeling Capitaland will join the bid and if successful, will integrate this new scraper with its HQ. It has quite a good location, being nearer to Raffles Place than Capital Tower and just about 2 mins walk from Tanjong Pagar Station.

URA tender for commercial site in CBD area

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_684847.html

http://www.straitstimes.com/STI/STIMEDIA/image/20110628/landparcel-ura.jpg

http://www.ura.gov.sg/sales/RbsonCcil/intro.jpg

http://www.ura.gov.sg/sales/RbsonCcil/imagesOthers/aerialview.jpg

THE Urban Redevelopment Authority (URA) launched the commercial site at Robinson Road /Cecil Street for sale by public tender on Tuesday.

Located within the Central Business District (CBD), the 0.29ha site - which can generate about 32,000 sqm of gross floor area (GFA) - is envisioned to be a good-quality office development.

At least 80 per cent of the GFA will be earmarked for office developments, URA added, with the remaining GFA for additional office use or other uses permitted under the commercial zoning.

The site - within walking distance to Tanjong Pagar MRT station - prominently fronts Cecil Street and Robinson Road, with the proposed commercial development up to 35 storeys in height to enjoy 'excellent visibility', URA said.

More details on the land parcel are available on the URA website at: http://www.ura.gov.sg/sales/RbsonCcil/RbCc-intro.html

35 floors is quite short

35 floors is quite short

haha, I guess it will be around 100 metres? :lol:

Capital Tower's 35th floor is located around the "cornice" level (where the facade changes to full glasss)

^^, haha plus a huge crown, it will be a decent scrapper, maybe like one shenton. If I remember correctly, URA has set a 200m limit. =)

hotel floors are quite short, so it could be only about 150m or even less??

There goes the park..

We seriously need more urban parks to escape the crammed city.

^^ And that is a very nice park. Unlike the one across the street, next to MND which is just plain cheap. Why not develop it instead?

^^ And that is a very nice park. Unlike the one across the street, next to MND which is just plain cheap. Why not develop it instead?

speaking of MND, does anyone know whether the building will be re-developed after they have relocated to Jurong East.

Orchid Hotel

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/264157_10150304303632040_7584943_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/264157_10150304303632040_7584943_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc6/263895_10150304303652040_1902529_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc6/263895_10150304303652040_1902529_n.jpg

Great update! Thanks for the photos. I think the buildings would increase activity in the area. Actually, would a "park square" be a better idea than 2 small parks beside the hotels?

http://a3.sphotos.ak.fbcdn.net/hphotos-ak-ash4/268691_10150304303572040_671067039_9628973_4225856_n.jpg


http://i1122.photobucket.com/albums/l523/v_brandonn/Photo0186.jpg

^^Nice, thanks for the updates. I have to say that they still doing the basements right now.

Glad to see that the mature angsana trees have been retained to become part of the future park. With 3 of the 4 hotel plots already sold the plan for Tanjong Pagar is taking shape fast :)

Orchid Hotel

http://a2.sphotos.ak.fbcdn.net/hphotos-ak-snc6/264157_10150304303632040_671067039_9628974_7584943_n.jpg
http://a2.sphotos.ak.fbcdn.net/hphotos-ak-snc6/264157_10150304303632040_671067039_9628974_7584943_n.jpg


Nice shot. This hotel also features a changing colour light scheme at night.

Glad to see that the mature angsana trees have been retained to become part of the future park. With 3 of the 4 hotel plots already sold the plan for Tanjong Pagar is taking shape fast :)

Whoah, RafflesCity, I haven't seen you post in a very long time! :lol:

RC IS BACK!!!!!!!

:dance:

hello! :cool: Glad to see all the usual names still here as well as many new and enthusiastic forumers :D Have less time to post but will try to get pic updates as and when I can

^^Welcome back!!

Great to see you back man, I really expected you never to come back!

Here are some pics I took of the new Bay Hotel Singapore. Its located next to the Temenggong Mosque. :)

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc6/262179_10150309343647040_1725279_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc6/262179_10150309343647040_1725279_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-snc6/263787_10150309343757040_6056916_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-snc6/263787_10150309343757040_6056916_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc6/267670_10150309343862040_1471777_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc6/267670_10150309343862040_1471777_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc6/263603_10150309343917040_1163500_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc6/263603_10150309343917040_1163500_n.jpg

^^

Who owns the Temenggong Mosque? Is it that building which has what looks like muslim graveyard on its slope? I rem a friend told me that this land belongs to Malaysia government. Is that true? Wonder why don't they exhume the graves and realise the commercial potential of the land? :)

^^ Actually, it belongs to the Sultan of Johor. The graves there are those of the Johor royal family so I don't think it is going to be easy.

^^

Who owns the Temenggong Mosque? Is it that building which has what looks like muslim graveyard on its slope? I rem a friend told me that this land belongs to Malaysia government. Is that true? Wonder why don't they exhume the graves and realise the commercial potential of the land? :)

The graves there date back to the early 1800s. Such history should not be removed.
Let's say the land is worth 100 million, not even 100 million dollars can buy 200 year old graves and 200 years of linkage to the Johor Sultanate.

Yeah.. true, nice hotel btw..

Ming Arcade up for collective sale by tender

18 Jul 11

http://www.channelnewsasia.com/imagegallery/store/phpoPpZIo.jpg

SINGAPORE : Ming Arcade, a prime freehold commercial development located off Orchard Road, is up for collective sale by tender.

The redevelopment site is zoned 'commercial' and majority-owned by Ong Beng Seng's property group, Hotel Properties Limited (HPL).

Located at 21 Cuscaden Road, Ming Arcade has a gross plot ratio of 4.2 and an allowable building height of 20 storeys.

It currently has 88 commercial or retail strata units of sizes varying from 140 square feet to 620 square feet.

As the site has an approved gross floor area of 55,046 square feet, no development charge is payable, according to sole marketing agent Jones Lang LaSalle.

Jones Lang LaSalle said the indicative price of the site is more than S$130m or S$2,360 per square foot per plot ratio.

Analysts estimate the site could fetch up to S$1 billion or S$4,000 per square foot, based on the reserve price for nearby Tanglin Shopping Centre's collective sale.

The reserve price for Tanglin Shopping Centre's collective sale is said to be S$1.25 billion, working out to about S$4,000 per square foot of potential gross floor area.

Possible redevelopment options include medical suites, as well as office and retail developments.

HPL already owns most of the properties surrounding Ming Arcade, including Four Seasons Park and Forum The Shopping Mall.

Analysts believe HPL will acquire Ming Arcade so as to achieve synergies between its properties.

They also said the property could be valued as high as S$2,500 per square foot and S$5,000 per square foot if redeveloped as an office building or a medical suite.

Retail rents in the area average at S$15 per square foot, while office rents range between S$7 and S$11 per square foot, and rents for medical space range from S$10 to $12 per square foot.

The tender will close at 3pm on September 1.

- CNA/cc/ms

I decided to post this here as the site is going to be converted into a hotel, Holiday Inn Express.

https://lh4.googleusercontent.com/-6qLiX7eQLAs/Tie0RbkHM-I/AAAAAAAADaY/P7FUsoqwF8g/s720/DSC_0050.JPG
https://lh4.googleusercontent.com/-6qLiX7eQLAs/Tie0RbkHM-I/AAAAAAAADaY/P7FUsoqwF8g/s720/DSC_0050.JPG
https://lh3.googleusercontent.com/-8APAeRPGBfU/Tie0UEFj0cI/AAAAAAAADac/sxtwVHS8Ryw/s720/DSC_0051.JPG
https://lh3.googleusercontent.com/-8APAeRPGBfU/Tie0UEFj0cI/AAAAAAAADac/sxtwVHS8Ryw/s720/DSC_0051.JPG

Any renders?

^^ None yet. I tried looking in the Internet but failed to find anything.

URA launches tender for the second land parcel in Paya Lebar Central

26 Jul 11

The Urban Redevelopment Authority (URA) launched the second land parcel in Paya Lebar Central1 for sale by public tender today.

Paya Lebar Central

Located at the fringe of the city centre, Paya Lebar Central is envisaged to be a bustling commercial centre, with a mix of office, retail, hotel developments and attractive public spaces. The precinct has in total about 12 hectares of land which can potentially yield 500,000 sqm of commercial floor space. Paya Lebar Central has the potential to be an attractive commercial hub that can cater to businesses that do not need to be located within the CBD. An artist's impression of Paya Lebar Central is provided in Annex 1.

Land Parcel at Sims Avenue/Tanjong Katong Road

The land parcel at Sims Avenue/Tanjong Katong Road is located next to Paya Lebar Interchange MRT Station which serves the East-West and Circle MRT Lines, It has excellent frontage along Paya Lebar Road, Sims Avenue, Tanjong Katong Road and Geylang Road. This is the second site to be made available for sale at Paya Lebar Central and will continue the development momentum to transform the precinct into a major commercial hub.

The 2.07 ha site, which can generate about 87,000 sqm of GFA, is envisioned to be good-quality mixed-use development comprising office, hotel and retail uses. At least 40% and 15% of the maximum permissible GFA of the proposed development on the subject site must be set aside for office and hotel use respectively. The remaining GFA can be for additional office, hotel, retail, entertainment or food & beverage uses.

A section of Geylang River flows through the sale site. This provides an excellent opportunity for the successful tenderer to integrate the water body into future development and bring life to the riverbanks. The developer is encouraged to transform the river into a clean, dynamic and aesthetically pleasing waterway as part of the implementation of PUB's Active, Beautiful, Clean Waters (ABC Waters) Programme. Recreational facilities and communal spaces such as boardwalks, promenades and bridges can be built over the waterway or along the landscaped river banks to enhance the attractiveness and uniqueness of the proposed development. An artist's impression of the waterway, integrated with the development, is provided in Annex 2.

http://www.ura.gov.sg/pr/text/2011/pr11-96.html

http://www.ura.gov.sg/sales/SimsAveTgKg/CL/images-others/illustrativesiteplan.jpg

Unique Water Features
As part of PUB's Active, Beautiful, Clean Waters (ABC Waters) Programme, the Geylang River will be transformed into a clean, dynamic and aesthetically pleasing waterway. Flowing through the sale site, the Geylang River is envisioned to be integrated with the future development and bring life to the riverbanks. Recreational facilities and communal spaces such as boardwalks, promenades and bridges could be built over the waterway or along the landscaped river banks to enhance the attractiveness and uniqueness of the development. Picturesque landscaping juxtaposed with the waterway will provide a delightful experience for shoppers and visitors alike.

http://www.ura.gov.sg/sales/SimsAveTgKg/CL/images-others/riverwalk.jpg

Views divided on Paya Lebar site

27 Jul 11

Second commercial site could attract fewer bids, some consultants say

http://www.businesstimes.com.sg/mnt/media/image/launched/2011-07-27/krpaya27.jpg

PROPERTY market watchers have given mixed views on the level of interest likely to be shown by bidders for the second commercial site at Paya Lebar launched yesterday by Urban Redevelopment Authority.

Some believe the top bid could exceed the $872 per square foot per plot ratio (psf ppr) fetched for the first Paya Lebar site, which was sold in April, citing a shift in demand to outside the CBD among big occupiers. However, others highlight that the substantial amount of CBD office supply which will manifest itself in the next few years, including the Marina Bay and Ophir-Rochor projects to be developed by a Khazanah- Temasek tie-up, could mean there will be less incentive for big office occupiers to decentralise.

The latest plot has minimum office and hotel components, stipulated at 40 per cent and 15 per cent respectively of the maximum gross floor area of about 935,577 sq ft. No residential use is allowed. The tender closes on Oct 18.

The earlier site was sold for $585.6 million or $872.16 psf ppr to a consortium comprising Low Keng Huat, Guthrie GTS and Sun Venture Commercial. The site drew 10 bids. At least 80 per cent of the maximum GFA for that site was stipulated for office use.

For the latest plot, Cushman & Wakefield reckons the top bid could be about $960 psf ppr (or $897.6 million) - 10 per cent higher than the price for the maiden plot. The tender may again draw 10 bids.

Credo Real Estate reckons the top bid for the latest plot may be in the region of $800-950 psf ppr (or $748.50-888.80 million). The tender may draw six to nine bids, predicts Credo executive director Ong Teck Hui. 'Since the tender closing is nearly three months away, the actual bids and tender participation will be affected by how current global as well as local market uncertainties pan out.'

Another seasoned property consultant predicts that the latest plot may fetch fewer bids, about half a dozen, and the top bid below that for the earlier plot.

For the site launched yesterday, apart from the minimum 40 per cent and 15 per cent of maximum GFA which has to be set aside for office and hotel uses respectively, the remaining 45 per cent shall be for additional office and/or hotel use or for other commercial uses such as retail, entertainment and food.

No residential use will be allowed in the office component of the development.

'The proposed office layout for the development on this land parcel will be evaluated to ensure that it is in line with typical quality office layout that meets the needs of genuine office end-users at the development application stage,' said URA.

If the developer seeks to subdivide the office space and seek strata titles for individual office units for the purpose of selling them, a minimum strata unit size of 100 sq metres (1,076.39 sq ft) is encouraged by URA.

All the space for retail and activity-generating uses in the project shall be held under a single strata lot. It may not be subdivided into smaller strata units for individual sale. This is to ensure the retail space continues to be well managed. A section of Geylang River flows through the sale site. 'Recreational facilities and communal spaces such as boardwalks, promenades and bridges can be built over the waterway or along the landscaped river banks to enhance the attractiveness and uniqueness of the proposed development,' URA said.

Cushman Singapore vice-chairman Donald Han said: 'We expect the same enthusiastic response for this site as we saw for the earlier plot.' He cites a shift in demand for office space to non-CBD locations given the rise in Grade A CBD office rentals. 'Last year, seven out of the eight office or business space leasing deals of 100,000 sq ft or more involved CBD locations. So far this year, we have seen only six deals of this size and of which just one has been in the CBD - Marsh & McLennan at Asia Square Tower 1. For large occupiers, monthly rentals for CBD offices are breaking the $10 psf level. Business park space in places like Changi and Jurong could cost about $4 psf while suburban office space may cost about $6 psf,' said Mr Han.

However, he points out that during the heyday in 2007-2008, the rental gap between CBD offices and suburban offices/busi- ness park space was over $10 psf. 'If the CBD office supply continues to build up, this differential is likely to narrow further. This will mean there is less incentive for decentralisation.

'Taking this into account, and the latest plot having a less prime location and the bigger deal size this round, the top bid (in psf ppr terms) is likely to be lower than that for the first site.'

http://www.businesstimes.com.sg/sub/news/story/0,4574,449302,00.html?

Wow! Sounds great. Would also increase connectivity with the MRT station.

Possibility of Cairnhill Place being redeveloped:

Provisional nod for Ascott Reit to redevelop site

28 Jul 11

By TEH SHI NING


(SINGAPORE) Ascott Residence Trust has received provisional permission from the Urban Redevelopment Authority (URA) to redevelop Somerset Grand Cairnhill Singapore into an integrated hotel-and-residential development.


The terms and conditions of the outline planning permission (OPP) include the rezoning of the site from residential use to commercial-and-residential use.

It also allows for a maximum gross floor area of about 43,400 square metres, at least 40 per cent of which must be for hotel and hotel-related use, with the rest for residential use. The redevelopment must also retain the Al-Falah Mosque.

The OPP is also conditional on payment of the development charge, if any, and the land or differential premium.

Ascott Reit's manager said that its evaluation of the OPP will also look into the possibility of extending Somerset Grand Cairnhill's existing lease, which expires in 2082.

Under the Code on Collective Investment Schemes, the total contract value of all property development activity undertaken by Ascott Reit, together with its investments in uncompleted property developments, must not exceed 10 per cent of its deposited property, which stood at $2.8 billion as at June 30.

The manager is now evaluating if redevelopment options are 'viable and financially feasible', given these development restrictions, the conditions of the OPP and the potential returns of possible redevelopment options.

Ascott Residence Trust Management Ltd's chief executive Chong Kee Hiong said that the manager's 'key considerations would be the retention of Ascott Reit's presence in the Orchard Road area in Singapore, the continued operations of the Al-Falah Mosque in the development, and the potential yield accretion to the portfolio of any proposed redevelopment'.

The manager added that there is no certainty yet of the proposed redevelopment materialising and asked that unitholders should trade with caution.

Ascott Reit's units closed a cent higher at $1.23 yesterday.

http://www.businesstimes.com.sg/sub/suite/story/0,4574,449595,00.html?

some i taken(10/8/2011)at tanjong pagar.
http://img98.imageshack.us/img98/8094/dscn9719p.jpg

^^ Nice!! Thanks for the update. It seems that they have yet to even reach the first floor.

^^
Yes, they are still working on the basement works.

some photos taken at Tanjong Pagar(7/9/2011)
http://img571.imageshack.us/img571/6792/dscn0492g.jpg

http://img854.imageshack.us/img854/7945/dscn0493o.jpg

^^ Finally, something that can be seen from the ground!! Thanks for the update.

-deleted-

-deleted-

^^ Hmm, that is some interesting news. Hope to see some progress on the building soon. :)

^^ Not sure the rich customers from this luxurious hotel will appreciate the crowd, noise and smell of the satay street just in front of the hotel :lol::nuts:

New site at Marina View for sales:-

http://www.ura.gov.sg/LsmMap/showSite.do?q=667
http://www.ura.gov.sg/pr/graphics/2011/pr11-137a2.pdf

Particulars of Land Parcel


Location Marina View / Union Street
Site Area (m2) * Plot 1: 7,817.5 (Land Parcel)
Plot 2: 18.0 (cross-sectional area of subterranean lot)
Maximum Permissible Gross Floor Area (m2) 101,628
Allowable Development White site development with at least 71,140 m2 of the maximum permissible GFA for office use, and the remainder for any one or more of the following uses:





(a)

Commercial (e.g. Retail and Entertainment)

(b)

Hotel

(c)

Residential


Maximum Building Height 200m AMSL +
Lease Period 99 years
Project Completion Period 84 months

-deleted-

16 November 2011

URA releases hotel site at
Rangoon Road / Farrer Park Station Road on the reserve list

The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the hotel site at Rangoon Road / Farrer Park Station Road today.

The land parcel at Rangoon Road / Farrer Park Station Road is made available for application under the Reserve List of the 2nd half 2011 Government Land Sales (GLS) Programme.

http://www.ura.gov.sg/sales/RangoonFPk/images%20others/645-locationplan.jpg


5 October 2011

URA launches the tender for the hotel site
at Jalan Bukit Merah / Alexandra Road

The Urban Redevelopment Authority (URA) has launched the hotel site at Jalan Bukit Merah / Alexandra Road for sale via public tender today.

The land parcel was made available for sale through the Reserve List system on 16 August 2007. On 22 September 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than $98,000,000 for the land parcel in the public tender.

http://www.ura.gov.sg/sales/JlnBtMerahAlexandra/Launch/images-others/locationmap2.jpg

Here is some pics posted by OpenH2O. :)


This is Carlton new hotel at Tanjong Pagar update.

http://i528.photobucket.com/albums/dd326/openH2O/IMG_8976-1.jpg


http://i528.photobucket.com/albums/dd326/openH2O/IMG_8975.jpg

^^Nice!! To be honest, this is my first time seeing how the hotel will look like:)

URA releases white site at Thomson Rd/Irrawaddy Rd

30 Nov 2011

By CARINE LEE


The Urban Redevelopment Authority (URA) on Wednesday released the detailed sales condition for the white site at Thomson Road and Irrawaddy Road.


The land parcel is made available for application under the Reserve List of the second half 2011 Government Land Sales Programme and developers interested in purchasing the site can now apply to URA for it to be put up for tender.

Located in the Novena area, the site measures 0.66 ha and will have a maximum permissible gross floor area (GFA) of 28,043 sqm.

Zoned for white use, at least 30 per cent of the maximum permissible GFA of the development is to be allocated for hotel use and the remaining GFA can be developed for residential, office, retail and other complementary commercial uses.

Under the government's Reserve List System, a site in the Reserve List will only be put up for tender if the developer's indicated minimum bid price in his application is acceptable to the government. When the site is put up for tender, a tender period of about eight weeks will be allowed before tender closes.

http://www.businesstimes.com.sg/sub/latest/story/0,4574,467636,00.html?

http://www.ura.gov.sg/pr/text/2011/pr11-151.html

http://www.ura.gov.sg/sales/ThmsonIrwaddy/MA/images-others/aerialmap.jpg

1 December 2011

Tender closing for hotel site
at Jalan Bukit Merah/Alexandra Road

The Urban Redevelopment Authority (URA) closed the tender for the hotel site at Jalan Bukit Merah/Alexandra Road today.

The site at Jalan Bukit Merah/Alexandra Road was launched for public tender on 5 October 2011. It was originally on the Reserve List of the Government Land Sales Programme. URA had, on 22 September 2011, accepted a successful application for the site to be put up for sale. The site was offered for sale on a 99-year lease.

Please see Annex A for details of the site and tender bids received.

This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.


5 October 2011

URA launches the tender for the hotel site
at Jalan Bukit Merah / Alexandra Road

The Urban Redevelopment Authority (URA) has launched the hotel site at Jalan Bukit Merah / Alexandra Road for sale via public tender today.

The land parcel was made available for sale through the Reserve List system on 16 August 2007. On 22 September 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than $98,000,000 for the land parcel in the public tender.

http://www.ura.gov.sg/sales/JlnBtMerahAlexandra/Launch/images-others/locationmap2.jpg

1 December 2011

Tender closing for hotel site
at Jalan Bukit Merah/Alexandra Road

^^ Here's Annex A

LAND PARCEL AT JALAN BUKIT MERAH/ALEXANDRA ROAD

1 CEL Development Pte Ltd
189,000,000.00
8,494.76

2 Forward Land Pte Ltd
184,000,000.00
8,270.03

3 Redvale Properties Pte. Ltd. and Redvale Investments Pte. Ltd.
168,000,000.00
7,550.90

4 Tamerton Pte Ltd
138,600,000.00
6,229.49

5 Leng Hoe Development Pte. Ltd.
138,000,000.00
6,202.53

6 Roxy Hotels Pte. Ltd.
118,000,000.00
5,303.61

1 December 2011

Tender closing for hotel site
at Jalan Bukit Merah/Alexandra Road

The Urban Redevelopment Authority (URA) closed the tender for the hotel site at Jalan Bukit Merah/Alexandra Road today.

The site at Jalan Bukit Merah/Alexandra Road was launched for public tender on 5 October 2011. It was originally on the Reserve List of the Government Land Sales Programme. URA had, on 22 September 2011, accepted a successful application for the site to be put up for sale. The site was offered for sale on a 99-year lease.

Please see Annex A for details of the site and tender bids received.

This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.

The winning bidder would have to pay to demolish the old SAFRA?

The winning bidder would have to pay to demolish the old SAFRA?

From http://www.ura.gov.sg/sales/JlnBtMerahAlexandra/Launch/tenderdocs/JlnBtMerahAlexandra-COT_TCOT_CA.pdf

"The successful tenderer will be given the option of demolishing the said building entirely, partially or not at all, at his own cost and expense, as long as he can achieve the minimum GFA stipulated for the site"

An article on the tender:
http://www.newpropertyforsale.sg/news/2011/queensway-hotel-site-attracts-bullish-bids/

Queensway hotel site attracts bullish bids

A HOTEL site tender in Queensway, not far from the hot spots of Orchard Road and Sentosa, has piqued strong interest from developers looking to meet demand in an area with no hotels.

Spurred on by a booming tourism sector, six developers had lodged bids for the 0.79ha plot at the junction of Jalan Bukit Merah and Alexandra Road by the time the tender closed yesterday.

One of the most notable bidders was Genting Singapore, operator of Resorts World Sentosa (RWS), although it came in fourth with a $138.6 million bid.

This is believed to be the firm’s first attempt to expand its hotel business beyond RWS and onto the mainland.

When contacted, a Genting Singapore spokesman told The Straits Times that the firm is always on the lookout for good investment opportunities.

It noted in its third quarter results a revenue of $801.8 million – 10 per cent more than the previous quarter. RWS also posted a strong hotel occupancy rate of 89 per cent.

The top bidder was Chip Eng Seng with a $189 million bid – or $789 per sq ft (psf) per plot ratio (ppr). If it wins the site, this will be its first hotel project.

The future hotel will be the only one in the immediate area. The Queensway area is untested for hotels, experts add.

Other bidders included Forward Land and Leng Hoe Development, with Roxy Hotels lodging the lowest bid of $118 million – or $493 psf ppr – for the 99-year leasehold site. This is 38 per cent lower than the top bid.

Experts say the strong response reflects continued strong tourist demand for hotel rooms.

Mr Robert McIntosh, executive director of CBRE Hotels, noted that some 9.84 million tourists visited the Republic in the first nine months of this year and the Singapore Tourism Board’s target of 12 million to 13 million tourists for the year should be met easily.

‘Hoteliers are upbeat about business conditions despite the hotel rooms coming on-stream in the near future. In 2012, we expect to see some pressure on average occupancy rates but average room rates are expected to hold firm,’ he said.

SLP International research head Nicholas Mak said that the bidders were likely keen to tap both the Orchard Road and Sentosa tourist catchment as the site is located a short drive away from both areas. That could have explained the ‘bullish top bid’, he added.

Mr Raymond Chia, chief executive of Chip Eng Seng, said that the regional hospitality sector is an attractive area that the firm has identified as part of a strategic diversification drive.

‘While the Singapore residential property market has held very steady in the past 12 months despite the cooling measures, the firm cannot ignore the fact that there will be a huge number of completions in two to three years’ time.

‘We will still actively participate in residential land tenders by the government but we will also actively seek to diversify our group’s business,’ he added.

The supply of hotel rooms is lagging the demand from the robust growth in tourist arrivals, Mr Chia noted. The firm plans to develop a 31/2- to four-star hotel that ‘offers a convenient and value-for-money alternative for business travellers, especially those visiting nearby business hubs such as one-north, as well as for other regional visitors’.

The project will have more than 450 rooms and a retail component. Chip Eng Seng will also explore possible tie-ups with hotel management companies to operate the hotel.

The site, which was put on the reserve list in 2007, was put up for sale after a developer committed to bidding no less than $98 million for it.

Source: The Straits Times © Singapore Press Holdings Ltd.

3.5 to 4 star, should try to get courtyard by marriot then or aloft hotels.

-deleted-

Some pics I took of the old Wellington Building site. :)

Thanks for the photos.

Concreting for lvl 1 floor plate commenced today. :)

Thanks for the photos.

Concreting for lvl 1 floor plate commenced today. :)

Thanks Mith and zobbified.

Residential site at Alexandra Road receives 7 bids
By Millet Enriquez | Posted: 06 December 2011 2017 hrs

SINGAPORE: The tender for the development of a residential site at Alexandra Road closed on Tuesday with seven bids, the Urban Redevelopment Authority (URA) said.

The top bid of S$396 million was jointly submitted by Sunmaster Holdings, Intrepid Investments and Garden Estates Limited. These are units of City Developments, Hong Leong Group and Hong Realty respectively.

The bid translates to S$8,120.08 per sq m.

Tanglin Land submitted the second highest bid of S$363 million, while Sherwood Development sent the third highest bid of S$339.5 million. The lowest bid of S$318.3 million was handed in by Multi Wealth (Singapore).

While the number of bids was fewer than what analysts had expected, the margins between the bid prices were slim. The top bid was only 9.1 per cent and 16.6 per cent higher than the second and third highest bids.

"The keen interest and bidding by the consortium is spurred by the rare availability of an attractive site situated in a convenient and established location at the city fringe area that is generally popular with homebuyers/investors," said Ms Chia Siew Chuin, director of research & advisory at Colliers International.

Analysts estimate the breakeven price for the site is around S$1,300 psf.

Mr Li Hiaw Ho, executive director at CBRE, said developers can build a high-rise project of over 40 storeys of some 550 apartments at the 99-year lease site.

Launched on October 17, the property measures 9,952.6 sq m with a maximum permissible gross floor area of 48,768 sq m. It is located near the Redhill MRT station.

URA said it will award the tender after evaluating the bids.

- CNA/fa

Singapore 2050 masterplan: -

:lol::lol:

http://www.archdaily.com/42777/singapore-2050-masterplan-woha/172-2050-masterplan/

-deleted-

I am excited to read from http://http://www.ura.gov.sg/pr/text/2011/pr11-161.html that a site along Jurong Town Hall Road will be set aside for a hotel.

Quote:

Supply of Hotel Rooms

The 1H2102 GLS Programme will include 2 new hotel sites at Jurong Town Hall Road and East Coast Road. Together with the existing sites carried over from the 2H2011 GLS Programme, these 2 new hotel sites on the Reserve List will provide ample opportunities for developers to initiate additional supply of hotel rooms over and above the pipeline supply of about 11,000 hotel rooms as at 3rd Quarter 2011.

^^ The last pic is the back of the ex-Ogilvy Center, on Boon Tat Link. This is where the future pick-up/drop-off area for the SO hotel will be.

^^ I know that. Didn't I say that in my post?

2nd quarter 2012? Only within 6 months?

^^ I know!! It seems impossible but we have to wait and see how it goes...

^^ I know that. Didn't I say that in my post?

I tried to be specific with the pick-up/drop-off area. I saw a floor plan of the ground floor for the development, that's why I wanted to share.

Great pics as usual Mith252. Thanks!

for the wellington building site, i actually see a possibility of a pedestrian street like ximending or myeongdong since the road is small and we can allow pedestrians to walk freely with those nice shops fronting the facade of the buildings, and some nicely designed cafes and restaurants.

Not sure I have seen any render in this thread yet.

Paya Lebar Square, just next to the EWL MRT station. It is a mixed office-commercial development. They are starting to prepare the site.

http://i630.photobucket.com/albums/uu22/don_diego_2000/IMG_0463.jpg

Carlton City update. Background is the Orchid Hotel.
http://i528.photobucket.com/albums/dd326/openH2O/carlton-1.jpg

Dorsett Regency

http://i528.photobucket.com/albums/dd326/openH2O/IMG_8975.jpg

http://i528.photobucket.com/albums/dd326/openH2O/dorsett.jpg

Any renderings on w hotel?

^^W HOTEL SENTOSA COVE:http://www.starwoodhotels.com/whotels/property/photos/index.html?propertyID=3462#photo_section_1Link
http://starhot.files.wordpress.com/2010/03/w-sentosa.jpg
http://starhot.wordpress.com/2010/03/29/still-two-more-years-til-the-w-sentosa-opens/

I think its going to open in august..............

I know the rendering, i am wondering about the construction pics....

PS100BACK TO OFFICE INDEX
PS100 is a stylish SOHO development located in the heart of the bustling Central Business District, Tanjong Pagar. This strata titled development - which is rare and limited in the vicinity - is integrated with hotel, Oasia Downtown, offering owners or tenants access to professional concierge services. This one of its kind development also features sleek and compact living and working space that offers a chic alternative to the traditional office space.

PS100’s strategic location offers business owners and tenants almost unmatched connectivity and downtown conveniences. While the Tanjong Pagar MRT Station is just at its doorstep, world class business and entertainment hubs such as Marina Bay Downtown, Orchard Road and Sentosa are just a short drive away. Designated by the Urban Redevelopment Authority (URA) as the next waterfront city in Singapore, Tanjong Pagar is on track to become a vibrant business, commercial and residential hub as the area expects a burgeoning of mixed-use developments in the near future.

To provide to a more enjoyable working environment, common amenities in the development include business pods as well as recreational amenities and the roof sky bar that offers views of the city skyline. All units at PS100 come with ceiling as high as 5m with the provision of platforms. Owners can choose from their preferred appliances and floorings that are available.

Call 6221 9979 for a special preview.

Went to preview this commercial soho and hotel development at Gopeng and Peck Seah street. The commercial soho is a loft about 450sqft. and is selling at a price of about 3000 psf. Launching probably by end of the month. the architect behind the project is WOHA. More sky decking coming up.

PS100BACK TO OFFICE INDEX
PS100 is a stylish SOHO development located in the heart of the bustling Central Business District, Tanjong Pagar. This strata titled development - which is rare and limited in the vicinity - is integrated with hotel, Oasia Downtown, offering owners or tenants access to professional concierge services. This one of its kind development also features sleek and compact living and working space that offers a chic alternative to the traditional office space.

PS100’s strategic location offers business owners and tenants almost unmatched connectivity and downtown conveniences. While the Tanjong Pagar MRT Station is just at its doorstep, world class business and entertainment hubs such as Marina Bay Downtown, Orchard Road and Sentosa are just a short drive away. Designated by the Urban Redevelopment Authority (URA) as the next waterfront city in Singapore, Tanjong Pagar is on track to become a vibrant business, commercial and residential hub as the area expects a burgeoning of mixed-use developments in the near future.

To provide to a more enjoyable working environment, common amenities in the development include business pods as well as recreational amenities and the roof sky bar that offers views of the city skyline. All units at PS100 come with ceiling as high as 5m with the provision of platforms. Owners can choose from their preferred appliances and floorings that are available.

Call 6221 9979 for a special preview.

Now we have Orchid Hotel in place, Carlton hotel under construction, Amara hotel under renovation and PS100 launching soon. Altez is about 30 storeys and Anson suites is about 10 storey. The development which comprises of 10% hotel 50%commercial and 40%residential above Tajong pagar MRT has yet to be launched. With the current market sentiment, perhaps Guccoland will hold for after winning the 3billion mix-development about one year ago.

http://i77.photobucket.com/albums/j67/RCSSC/tgpgrender.jpg[/quote]

^^ I guess they did not update the board. It definitely makes sense that it would be completed within a year. :)

Went to preview this commercial soho and hotel development at Gopeng and Peck Seah street. The commercial soho is a loft about 450sqft. and is selling at a price of about 3000 psf. Launching probably by end of the month. the architect behind the project is WOHA. More sky decking coming up.

Wow, are you sure its at $3k psf?
Even the unlaunched site above Tg Pagar MRT station was reportedly to price their units at about $2.5k psf when they first bought the land... This is crazy, man!! :ohno:

^^ I guess they did not update the board. It definitely makes sense that it would be completed within a year. :)

Yup, I do know it for a fact as it belongs to my dad in law

^^ Wow, thats nice. Do keep us updated on its progress. :)

^^ Wow, thats nice. Do keep us updated on its progress. :)

Yes for sure :)

Wow, are you sure its at $3k psf?
Even the unlaunched site above Tg Pagar MRT station was reportedly to price their units at about $2.5k psf when they first bought the land... This is crazy, man!! :ohno:

It was mentioned by the estate agent cause Far East thought everyone is flocking into commercial especially the foreigners. But should be around 2.5k to 2.6k psf i thought. Wait for the launch later this month. Some commercial Soho at Clark Quay kept by Far East was about 3k psf that was its benchmark maybe.

Looking for renderings on the web for this PS100 project, I found this:

http://i630.photobucket.com/albums/uu22/don_diego_2000/b6b6df17605504_1_V550.jpg

Can anyone confirm that is actually related to this development?

^^ Looks pretty interesting... I also saw this render on commercialguru so I guess this is it:)

In my opinion that looks like a moss-covered structure! It might be an initial projected look if it is related to this CBD project.

If it is really the project, then it would be an iconic project. The color and design and way cooll.....

Far East's website shows this picture which looks slightly different.
(Sorry bout the size. I don't know how to resize since the image from a link to Far East's website)
http://www.fareast.com.sg/FEOCorp.Upload/CMS/PS100-buiding.jpg

^^Its kind of ugly..........I hope a more detailed render comes out soon........

PS100? Come on, what kind of a name is that? I'm sure they could have come up with a better name. Just my opinion.

I think it looks a little bit like IFC Hong Kong covered in plants.....

I found this advert outside of Altez's showroom. It seems that it is either PS/100 or PS100. Anyway, the last 2 pics is the likely location for the project.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc7/579476_10151246394247040_1088236890_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc7/579476_10151246394247040_1088236890_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/425409_10150665681312040_1757924393_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/425409_10150665681312040_1757924393_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/423255_10150665681467040_1802416051_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/423255_10150665681467040_1802416051_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/407036_10150665681522040_28440650_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/407036_10150665681522040_28440650_n.jpg

^^ Did a little research and found out that PS/100 was designed by WOHA.....

I guess that WOHA is trying to test out the community sky terrace concept that they were trying to implement since the Duxton Plain competition. They did not win that one, the Met had a brief that called for more privacy, the Dawson one had too much restrictions.

The internal is quite interesting with units looking into the sky terraces. And the renderings for the top level looks nice too. I guess that WOHA is never really good at doing a crown, the building would have looked better with a flat roof, like their usual designs.

Some pics I took of the Changi City Point.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc7/418983_10150688710927040_1387161440_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc7/418983_10150688710927040_1387161440_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-snc7/424387_10150688711047040_1279295624_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-snc7/424387_10150688711047040_1279295624_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/419137_10150688711122040_1896533141_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/419137_10150688711122040_1896533141_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/407132_10150688711242040_535560983_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/407132_10150688711242040_535560983_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/419216_10150688711367040_1400375617_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/419216_10150688711367040_1400375617_n.jpg

This might be the hotel component of the project.

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/418063_10150688711542040_1418838486_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/418063_10150688711542040_1418838486_n.jpg

Can it be financially sustainable?

^^ It might work. There are a few bank buildings around the area. The weekend crowd could also help.

Anyway, I'll repost this in the Changi Business Park thread. :)

Changi city and Changi business park the same project?

Changi City is one of the developments within Changi Business Park.

Changi City is one of the developments within Changi Business Park.

Thanks

Can it be financially sustainable?

Are you thinking about the hotel? I would çertainly say a big yes. Sg expo is always booked for big international events and it is cost savings for companies to accomodate their exhibitors in the nearest hotel..

-deleted-

-deleted-

I know the rendering, i am wondering about the construction pics....

Some pics i found on W's facebook page:
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-snc7/480217_10150769558994224_13807629223_11673351_1151241112_n.jpg
https://www.facebook.com/photo.php?fbid=10150769558994224&set=a.10150769556499224.464970.13807629223&type=3&theater
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-prn1/548746_10150769558629224_13807629223_11673348_2040674157_n.jpg
https://www.facebook.com/photo.php?fbid=10150769558629224&set=a.10150769556499224.464970.13807629223&type=3&theater

-deleted-

Saw this in Robinson Road. Its called The Index by Far East Organisation. Found it on OneMap as well.

http://property-in-singapore.biz/wp-content/uploads/2012/04/OneMap6.png
http://property-in-singapore.biz/wp-content/uploads/2012/04/OneMap6.png
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/561215_10150945690072040_739778106_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/561215_10150945690072040_739778106_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/551088_10150945690647040_1570646532_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/551088_10150945690647040_1570646532_n.jpg

Also, passed by Ogilvy Centre and saw that the heavy machinery have been removed from the site. I wonder what is going on.

https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/547172_10150945702472040_146938616_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/547172_10150945702472040_146938616_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/545594_10150945702967040_544052180_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/545594_10150945702967040_544052180_n.jpg

^^ Is there? I can't seem to find the thread. Can you provide a link? :)

External escalator installed. Need lots of works for external wrapped up.
Maybe another 2 more months since interior could not be start before exterior done.


http://i528.photobucket.com/albums/dd326/openH2O/IMG_0311.jpg

100 AM external cladding.
https://lh4.googleusercontent.com/-EUGWG7Q7_OA/T6JixRs2n9I/AAAAAAAAAcg/hVnWAzZuvA0/s1463/002.JPG

http://i528.photobucket.com/albums/dd326/openH2O/hotel-1.jpg

Within Tanjong Pagar MRT station, 3 hotels would be completed by 2015/6 namely Guocoland new Hotel, Far East Oasia(PS100) and Carlton City. First to complete in this round of Hotel chain around Tanjong Pagar is Orchid Hotel. Amara is also going through a million dollar renovation just to catch up.

Existing also have boutique hotel such as M hotel, Klaptons Hotel and further in Keong Siak, New Majestic Hotel 1929, not to mention cheaper Hour rated hotels dotted around these area. Still further we will be seeing exciting Park Royal Hotel right next to gracious Furama Hotel.

^^ Hmm, did see that site a few times. Didn't really know what project it was. Thanks for the info. :)

-deleted-

URA releases hotel site at Jurong Town Hall Road on the Reserve List

The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the hotel site at Jurong Town Hall Road today. This is the first hotel site to be made available for sale in the Jurong Lake District.
The land parcel at Jurong Town Hall Road is made available for application under the Reserve List of the 1st half 2012 Government Land Sales (GLS) Programme.

First Hotel Site at Jurong Lake District

This first hotel site is strategically located at Jurong Town Hall Road, one of the main thoroughfares of Jurong Lake District and in close proximity to the picturesque Jurong Lake.

With a land area of 0.9 ha, this land parcel is envisage to be developed into a distinctive hotel development with a potential gross floor area of about 19,000 m2. The proposed hotel development with a garden setting will contribute to transforming Jurong Lake District into a unique lakeside destination for business and leisure.

-deleted-

Some pics I took of the site at Ogilvy Centre.

https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/428405_10151056786567040_1661938819_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/428405_10151056786567040_1661938819_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash3/575937_10151056787067040_558114484_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash3/575937_10151056787067040_558114484_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/487392_10151056787532040_984956698_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/487392_10151056787532040_984956698_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/486260_10151056787917040_373595747_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/486260_10151056787917040_373595747_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/479786_10151056788427040_794583493_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/479786_10151056788427040_794583493_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-prn1/547469_10151056788997040_1694112415_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-prn1/547469_10151056788997040_1694112415_n.jpg

PUBLISHED JULY 13, 2012
Hotel Grand Central awards Sato Kogyo $101m contract to redevelop hotel
BY JASMINE NG

The contract is for the demolition of the ageing hotel, piling work and construction of two new 10-storey hotels, which will house about 750 rooms collectively - SPH
Hotel Grand Central on Friday said it has awarded a $101.38 million contract to Sato Kogyo (S) for the redevelopment of an existing hotel at 22 Cavenagh Road.
*
The contract is for the demolition of the ageing hotel, piling work and construction of two new 10-storey hotels, which will house about 750 rooms collectively.
*
Work on the property is likely to commence in the third quarter this year and will take about two and a half years to complete.
*
Hotel Grand Central said the total cost of the redevelopment will cost around $130 million. This will be financed via bank borrowings and internal funds.
*
Subscribers, log in here to read the full story. If you do not have an account, subscribe here.

^^Glad to see this one go:)

-deleted-

Some pics I took of the Holiday Inn Express hotel site at Havelock Road.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/12823_10151246360102040_626805901_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/12823_10151246360102040_626805901_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc7/409577_10151129900582040_1008148572_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc7/409577_10151129900582040_1008148572_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/422188_10151129900987040_162924132_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/422188_10151129900987040_162924132_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/417261_10151129901312040_1807206535_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/417261_10151129901312040_1807206535_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/215459_10151129901657040_1925630294_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/215459_10151129901657040_1925630294_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/314377_10151129902182040_164083268_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/314377_10151129902182040_164083268_n.jpg

Some pics I took of the Holiday Inn Express in Orchard.

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/540176_10151163218307040_1507770171_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/540176_10151163218307040_1507770171_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/419803_10151163219117040_1247705761_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/419803_10151163219117040_1247705761_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/562755_10151163219822040_931392761_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/562755_10151163219822040_931392761_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/530940_10151163220607040_1764572403_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/530940_10151163220607040_1764572403_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/547297_10151163221577040_1285294441_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/547297_10151163221577040_1285294441_n.jpg

URA to launch tenders for 2 Reserve List sites
Updated 05:58 PM Sep 05, 2012
http://www.todayonline.com/Business/EDC120905-0000131/URA-to-launch-tenders-for-2-Reserve-List-sites

The Urban Redevelopment Authority (URA) said on Wednesday that it has accepted applications from developers to put up the residential site at Jalan Jurong Kechil and the hotel site at Jurong Town Hall Road for sale by public tender.

The Jalan Jurong Kechil land parcel was made available for sale through the Reserve List system on 13 November 2006, and the Jurong Town Hall site on 29 May this year.

The 109,478-sq-ft site at Jalan Jurong Kechil was released for sale after a developer committed to bidding at least S$23.96 million, or about S$156 psf ppr, on a 60-year lease term in the tender for the land parcel.

The site has a gross floor area of 153,267 sq ft with a lease option of 30 years, 45 years or 60 years. This short-term lease site is zoned for residential development and can be developed into a condominium or flat. The successful tenderer has the flexibility to develop the site for retirement housing.

Mr Lee Sze Teck, Senior Manager of Training, Research and Consultancy at Dennis Wee Group, estimates the top bid to range between S$200 and S$250 psf ppr, the breakeven to be between S$450 and S$500 psf and the sale price to be between S$550 and S$600 psf.

Meanwhile, the 99-year leasehold land parcel at Jurong Town Hall Road has a site area of about 97,166 sq ft and a potential gross floor area of 20,4051 sq ft.

It is envisaged for a distinctive hotel development with a garden setting and will further anchor Jurong Lake District as a unique lakeside destination for business and leisure, the URA said. A developer has committed to bid at least S$101.99 million for the site.

"The parcels of land along Jurong Town Hall Road and Jurong Gateway are zoned commercial. If all these are developed, there will be a critical mass of businesses operating in Jurong East," said Mr Lee.

"The successful bidder for the site is likely to build a 4-star 700-room business hotel to cater to the growing commercial hub at Jurong East. Based on these assumptions, the estimated top bid for the site could be between S$650 and S$700 psf ppr while the breakeven price is between S$1,050 and S$1,100 psf," he added.

URA will launch the public tender for the sites in about two weeks.

Some pics I took of the Holiday Inn Express. It has reached the 18th floor.

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/545433_10151208256737040_227693264_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/545433_10151208256737040_227693264_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/377687_10151208256962040_1321091663_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/377687_10151208256962040_1321091663_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/422578_10151208257172040_135416368_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/422578_10151208257172040_135416368_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/303859_10151208257387040_270548424_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/303859_10151208257387040_270548424_n.jpg

Some pics I took of Hotel Grand Central. The redevelopment seems to have started.

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/557217_10151208257687040_1483524365_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/557217_10151208257687040_1483524365_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/225943_10151208258047040_1089571436_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/225943_10151208258047040_1089571436_n.jpg

Some pics I took of Ogilvy Hotel.

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/539267_10151221004202040_1790562071_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/539267_10151221004202040_1790562071_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/578547_10151221004742040_514212378_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/578547_10151221004742040_514212378_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc6/282079_10151221005072040_1578710447_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc6/282079_10151221005072040_1578710447_n.jpg

The site with the unused utility building next to Novena Square is up for tender.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc6/261918_10151230088862040_206012051_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc6/261918_10151230088862040_206012051_n.jpg

Some news in TODAY on the hotel site at Victoria Street & Jalan Sultan junction across the Malabar Mosque.

https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-snc6/229591_10151240489987040_1402272344_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-snc6/229591_10151240489987040_1402272344_n.jpg

Hotel rates in Singapore has risen by quite a lot in the recent years. Coupled with the rise in Sing Dollar, our rates are now higher than even Hong Kong for most run-of-the-mill hotels.

Hotel rates in Singapore has risen by quite a lot in the recent years. Coupled with the rise in Sing Dollar, our rates are now higher than even Hong Kong for most run-of-the-mill hotels.


Singapore Business Review
RESIDENTIAL PROPERTY | Staff Reporter, Singapore
Published: 12 Oct 12

Find out what's behind the surprising top bid for hotel site at Victoria Street

The market initially expected top bid to only range $850-$930 psfpsr.

On 11 Oct 2012, the tender for a 99-yr LH (GFA 333,436sqft) Hotel / mixed commercial site at Victoria Street closed, attracting a top bid of S$331.3mn, which works out to c. S$994 psfppr.

Amongst the 9 bidders, Forward Land Pte Ltd had submitted the top bid, which was 9.1% above the 2nd-highest bid by Hoi Hup + Sunway Developments JV. Other bidders included subsidiaries of City Developments, Far East, Fragrance and United Engineers. The lowest bid was submitted by local developer Peak Sky Pte Ltd, which was approximately 87% lower than the top bid.

According to Nomura Research, when the site was first triggered from the reserve list in August 2012, the market had expected a winning bid between S$850-930psfppr, comparing it against a smaller plot along Farrer Road, which was sold to RB capital in Apr 2012 for S$1,080psfppr.

Here's more from Nomura:

Overall, we judge the bid as positive, in terms of bidder participation as well as the top bid, which appears to have beaten initial market expectations.

Higher-than-expected top bid reflects positive sentiment towards the Hotel sector, likely driven by positive tourism statistics Based on the land cost of S$994 psfppr, our breakeven estimate works out to S$1,836-1,913psfppr, assuming an 80% NLA efficiency. This works out to about c. S$785,000-1,000,000 per key, assuming a 500- to 650-room hotel is built.

We think that the bid reflects the market’s overall positive view towards the Hotel sector, driven by recent positive RevPAR and tourism statistics. In addition, the bid appears to provide some support for CDLHT’s valuations (c. S$650,000 per key) for its SG hotel portfolio, which may lead to some support for the stock price, in our view.

Transaction may provide some uplift for Hotel stocks; nevertheless we caution that macro uncertainty remains a key downside risk for the Hotel sector.

As such, we think that investors are likely to read the transaction positively, which may offer some positive uplift for CDLHT and indirectly even ASHT. Nevertheless, we caution that macro uncertainties remain and could pose a significant downside risk should conditions deteriorate.

Some pics I took of Holiday Inn Express in Orchard. It looks like that they have almost reached the optimum height.

https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/384190_10151243877932040_951757929_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/384190_10151243877932040_951757929_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/391740_10151243878212040_372572516_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/391740_10151243878212040_372572516_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-prn1/539398_10151243878347040_1307390454_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-prn1/539398_10151243878347040_1307390454_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc6/246531_10151243878962040_1292310153_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc6/246531_10151243878962040_1292310153_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-prn1/522328_10151243879277040_1762741871_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-prn1/522328_10151243879277040_1762741871_n.jpg

Singapore Business Review
RESIDENTIAL PROPERTY | Staff Reporter, Singapore
Published: 12 Oct 12

...Higher-than-expected top bid reflects positive sentiment towards the Hotel sector, likely driven by positive tourism statistics Based on the land cost of S$994 psfppr, our breakeven estimate works out to S$1,836-1,913psfppr, assuming an 80% NLA efficiency. This works out to about c. S$785,000-1,000,000 per key, assuming a 500- to 650-room hotel is built.

We think that the bid reflects the market’s overall positive view towards the Hotel sector, driven by recent positive RevPAR and tourism statistics. In addition, the bid appears to provide some support for CDLHT’s valuations (c. S$650,000 per key) for its SG hotel portfolio, which may lead to some support for the stock price, in our view....

Not good, if this means that hotel rates are going to rise further, it will come to a point where it will negatively impact the attractiveness in the tourism sector, both business and non-business.

Some pics I took of the Ogilvy Hotel.

https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/2136_10151245374557040_1761514197_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/2136_10151245374557040_1761514197_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/579296_10151245375002040_356079632_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/579296_10151245375002040_356079632_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/223224_10151245375332040_117239025_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/223224_10151245375332040_117239025_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/22720_10151245375597040_719444551_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/22720_10151245375597040_719444551_n.jpg

Some pics I took of Ogilvy Hotel.

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/560701_10151270677952040_1618613112_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/560701_10151270677952040_1618613112_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/545561_10151270678082040_1242605687_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/545561_10151270678082040_1242605687_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/379041_10151270678252040_2072091062_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/379041_10151270678252040_2072091062_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/183868_10151270678482040_1877776885_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/183868_10151270678482040_1877776885_n.jpg

Some pics I took of Holiday Inn Express in Orchard. It seems that they have topped out.

https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/525666_10151275508392040_41297233_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/525666_10151275508392040_41297233_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/400182_10151275508662040_2001902663_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/400182_10151275508662040_2001902663_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/65320_10151275509077040_876726657_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/65320_10151275509077040_876726657_n.jpg

Some pics I took of the Hotel Grand Central. Demolition ongoing.

https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/409042_10151275508562040_1580087574_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/409042_10151275508562040_1580087574_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/223754_10151275508897040_550241821_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/223754_10151275508897040_550241821_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/293810_10151275509297040_1069574529_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/293810_10151275509297040_1069574529_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/409201_10151275509737040_2120180274_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/409201_10151275509737040_2120180274_n.jpg

Took pics of this site at Rangoon Road / Farrer Park Station Road. It has been sold to be developed into a hotel.

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/534494_10151288263237040_1926903939_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/534494_10151288263237040_1926903939_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/480975_10151288263412040_1182035839_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/480975_10151288263412040_1182035839_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/486223_10151288263492040_792244205_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/486223_10151288263492040_792244205_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/480132_10151288263677040_1423175743_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/480132_10151288263677040_1423175743_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/542748_10151288263747040_1864952511_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/542748_10151288263747040_1864952511_n.jpg

News on TODAY on the Jurong hotel site.

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc7/574728_10151300310552040_65047194_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc7/574728_10151300310552040_65047194_n.jpg

source: TODAY (www.todayonline.com)

News on TODAY on the Jurong hotel site.

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc7/574728_10151300310552040_65047194_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc7/574728_10151300310552040_65047194_n.jpg

source: TODAY (www.todayonline.com)

Fabulous! Seems like Jurong Regional Centre's development is very very promising.

Fabulous! Seems like Jurong Regional Centre's development is very very promising.

Woodlands Regional Centre had been neglected

Woodlands Regional Centre had been neglected

Yes but now with the Thomson Line, there is a possibility that it will happen. :)

Some pics I took of the Ogilvy Hotel site.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/32389_10151308008317040_2074707317_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/32389_10151308008317040_2074707317_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/598533_10151308008377040_1983011912_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/598533_10151308008377040_1983011912_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/23938_10151308008452040_1072088364_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/23938_10151308008452040_1072088364_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/283305_10151308008512040_473285459_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/283305_10151308008512040_473285459_n.jpg

Fabulous! Seems like Jurong Regional Centre's development is very very promising.

URA awards Jurong hotel site at S$238.3m

Updated 08:41 PM Nov 23, 2012
SINGAPORE - The Urban Redevelopment Authority said on Friday it had awarded the tender for a hotel site at Jurong Town Hall Road to Tamerton, a subsidiary of Genting Singapore, which put in the top bid of S$238.2 million.

The site, which drew a total of 11 bids by the close of tender on Tuesday, sits on 97,165 sq ft in land area and has a maximum permissible gross floor area of 204,051 sq ft.

Tamerton's top bid translates to S$1,167 per square foot per plot ratio for the 99-year leasehold parcel in what Mr Lee Sze Teck, Senior Manager for Training, Research and Consultancy at DWG, said earlier was the highest ever for a hotel site.

He said: "The enthusiastic bidding shows developers' confidence in the development of Jurong East into the next major commercial hub outside the Central Business District. With the surrounding parcels of land along Jurong Town Hall Road and Jurong Gateway zoned commercial, there will be a critical mass of businesses operating in Jurong East."

Details of Land Parcel
Location: Jurong Town Hall Road
Allowable Development Hotel
Site area 9,027 sqm
Maximum Permissible GFA 18,957 sqm
Maximum Building Height 60 m AMSL
Lease Period 99 years
Project Completion Period 60 months
Source: URA, PSR

The site where Victoria Wholesale Centre used to be is now up for tender.


Victoria St/Ophir Rd hotel site's sales conditions released
Posted: 30 November 2012 1215 hrs

SINGAPORE: The Urban Redevelopment Authority (URA) released detailed sales conditions for a hotel site at Victoria Street/Ophir Road on Friday.

With a land area of 0.8 ha, the site is expected to accommodate a hotel development yielding about 32,019 square metres of gross floor area.

According to the URA, the land parcel at Victoria Street/Ophir Road is made available for sale under the Reserve List of the Government Land Sales Programme for the second half of 2012.

This means that the government will release the site for sale if the criteria for triggering the site is met and if it receives sufficient market interest for the site.

When the land parcel is put up for tender, a tender period of about eight to 12 weeks will be allowed before tender closes.

The site is located near the Ophir-Rochor corridor, which is set to be a mix-use cluster with office, hotel, retail, entertainment and residential uses.

The land parcel is also near the historic districts Kampong Glam and Little India, which are popular with locals and tourists.

http://www.channelnewsasia.com/components/display_image.php?id=519603
(Photo: URA)


- CNA/xq


source: CNA (http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1240285/1/.html)

URA awards Jurong hotel site at S$238.3m

Updated 08:41 PM Nov 23, 2012
SINGAPORE - The Urban Redevelopment Authority said on Friday it had awarded the tender for a hotel site at Jurong Town Hall Road to Tamerton, a subsidiary of Genting Singapore, which put in the top bid of S$238.2 million.

The site, which drew a total of 11 bids by the close of tender on Tuesday, sits on 97,165 sq ft in land area and has a maximum permissible gross floor area of 204,051 sq ft.

Tamerton's top bid translates to S$1,167 per square foot per plot ratio for the 99-year leasehold parcel in what Mr Lee Sze Teck, Senior Manager for Training, Research and Consultancy at DWG, said earlier was the highest ever for a hotel site.

He said: "The enthusiastic bidding shows developers' confidence in the development of Jurong East into the next major commercial hub outside the Central Business District. With the surrounding parcels of land along Jurong Town Hall Road and Jurong Gateway zoned commercial, there will be a critical mass of businesses operating in Jurong East."

Details of Land Parcel
Location: Jurong Town Hall Road
Allowable Development Hotel
Site area 9,027 sqm
Maximum Permissible GFA 18,957 sqm
Maximum Building Height 60 m AMSL
Lease Period 99 years
Project Completion Period 60 months
Source: URA, PSR

According to research by Philip Capital, Tamerton's bid was deemed 'excessive' relative to other bidders in the same tender, as well as bidders for other previous hotel tenders.

Genting was very keen to secure this parcel of land, for business reasons and to contradict Philip Capital research, Genting is not that unfamiliar with the hotel business, as they already have the experience in running successful hotel operations at Genting in Malaysia, and the 6 sprawling resort hotels at Resorts World Singapore.

Jurong Regional Centre's development seems to coincide with the upcoming developments for Malaysia's Iskandar Region.
Iskandar's infrastructure growth is rather similar to Jurong Gateway, with planned precincts for offices, residential, resort hotels close to thematic theme parks, except on a larger scale.

Temasek Holdings has a joint-venture project with Malaysia’s sovereign wealth fund Khazanah Nasional to develop land in Iskandar. And it is known that CapitaLand has been appointed project manager for a 2ha urban wellness project in Medini North, a region in Iskandar.
In Singapore, similar collaboration can be found in the development for DUO and Marina One. Mapletree Investments and UEM Land Holdings are project managers of Marina One, while UEM will partner CapitaLand to manage the development in DUO at Ophir-Rochor area.

Jurong Gateway will provide offices, business and resort hotels, retail malls and cater to the aspirations for industrial powerhouses from Tuas & the entire Jurong region to site their HQ office towers at the Jurong Regional Centre.

I believe Woodlands will also be developed as a catalyst along the same line, with developments coming onstream once the Thomson line and the Rapid Transit System across the causeway is completed.

Both regional centres will eventually help supplement the growth of our city centre, with their own thematic goals.

Just my two pence worth :)

Some pics I took of the Holiday Inn Express yesterday.


https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/556846_10151315919932040_1888949906_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/556846_10151315919932040_1888949906_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/487047_10151315920132040_2042935207_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/487047_10151315920132040_2042935207_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/577994_10151315920297040_1060896730_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/577994_10151315920297040_1060896730_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc7/374533_10151315920467040_2027816450_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc7/374533_10151315920467040_2027816450_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/386521_10151315920697040_1402312603_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/386521_10151315920697040_1402312603_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-snc7/300073_10151315920872040_1563679233_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-snc7/300073_10151315920872040_1563679233_n.jpg

Some pics I took of Hotel Grand Central yesterday. Demolition is complete.

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/65163_10151315927452040_775297254_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/65163_10151315927452040_775297254_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/60566_10151315920472040_561462459_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/60566_10151315920472040_561462459_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/813_10151315920782040_1657924070_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/813_10151315920782040_1657924070_n.jpg

News on the white site at the junction of Irrawaddy Road and Thomson Road.

https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash3/65147_10151320220057040_592105500_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash3/65147_10151320220057040_592105500_n.jpg

source: TODAY (www.todayonline.com)

Some pics I took of Ogilvy Hotel today.

https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/18271_10151326761892040_1032508327_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/18271_10151326761892040_1032508327_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/14464_10151326762087040_2074905883_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/14464_10151326762087040_2074905883_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash3/61384_10151326762272040_1011117515_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash3/61384_10151326762272040_1011117515_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/313659_10151326762387040_93146870_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/313659_10151326762387040_93146870_n.jpg

Source:http://news.asiaone.com/News/Latest%2BNews/Singapore/Story/A1Story20130322-410589.html
Pines Club to be redeveloped

By Esther Teo
The Straits Times
Sunday, Mar 24, 2013

The Pines Club in Stevens Road will be made over into a hotel and commercial development in an ambitious redevelopment plan.

A unit of developer Oxley Holdings has agreed to buy the 18,477 sq m estate for $318 million on a 103-year lease.

Oxley has obtained provisional permission to develop two blocks of eight-storey hotels, two blocks of two-storey commercial buildings and a four-storey clubhouse with a basement on the site, according to a company statement to the Singapore Exchange.

The club's facilities will be integrated into the new complex.

Motoring tycoon Peter Kwee told The Straits Times that club members will be offered places at the Laguna National Golf and Country Club in Changi during the interim construction period.

He owns both clubs.

Members will be able to use the Stevens Road clubhouse facilities after the redevelopment, estimated to take between two and three years.

Talk about the estate's makeover surfaced as far back as last September when a notice on the club's website pointed to proposed redevelopment plans for "expansion and additional amenities... to provide better services to the members".

Oxley said the $318 million purchase price takes into account current property prices in the area and its assessment of the development's potential although no full valuation has been carried out.

The acquisition, which was announced last Friday, will be funded by internal resources, bank borrowings as well as bonds to be issued by the buyer to the seller, it added in a statement.

Oxley develops residential, industrial and commercial projects but has not tackled a hotel before, so it will seek investor backing for the project at an extraordinary general meeting, the statement said.

Its residential projects include Suites@Katong, Parc Somme and Loft@Rangoon.

The Pines Club, formerly known as The Pinetree Club, was sold to Mr Kwee in 2002 for about $100 million.

The former owner, Mr Chng Heng Tiu, had defaulted on a debt for which the property was collateral.

esthert@sph.com.sg